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Astroscale raises US$25 million to solve space debris dilemma

Astroscale, a space startup based in Singapore has raised a US$25 million Series C from Japanese private companies including aviation company ANA Holdings and industrial machinery provider OSG Corp. Existing venture capital investors Innovation Network Corp of Japan (INCJ), JAFCO Co Ltd, and Mitsubishi UFJ Capital, alongside new investor aSTART ... Read More »

Spotinst secures US$15 million from Intel Capital, Vertex Ventures to achieve “cloud of clouds” vision

Spotinst – an Israeli cloud workload management company today announced it has raised a US$15 million Series A funding round led by Intel Capital and Vertex Venture, a network of funds that operate as the investment arm of Temasek Holdings. This financing round will bring Spotinst’s total equity funding to ... Read More »

Signature Market secures US$315K through pitchIN crowdfunding

Signature Market, a Malaysian platform that sells natural and organic products online has managed to raise up to RM 1,507,089 (about US$351,075) through equity crowdfunding platform pitchIN. The campaign lasted for two weeks, but it still managed to set a new record for the highest number of investors in a ... Read More »

Katrina enters JV with Ajisen China to expand So Pho brand in China, Hong Kong

Singapore’s food and beverage company Katrina Group announced today that it has entered into a subscription and shareholder’s agreement with Big Benefit Group, a wholly-owned subsidiary of Ajisen (China) Holdings. The deal will see Katrina holding a 30 percent stake in the joint-venture company which manages and operates snack bars, ... Read More »

ANZ Bank nears deals to exit AmBank stake for US$900 million

Australia and New Zealand Banking Group (ANZ) is closing in on a deal to sell its entire Malaysian banking stake and exit the Southeast Asian nation, in a transaction that could be worth around US$900 million. ANZ has been looking to sell its 23.8 percent stake in AMMB Holdings (AmBank) ... Read More »

BuzzCommerce raises US$1 million to launch own private label products

BuzzCommerce, a cross-border beauty e-commerce startup is raising up to US$1 million in its latest funding round in order to create its own private label products to serve the demand in China and Japan. The Chief Executive of BuzzCommerce Shinsuke Wakai did not disclose further details about the participating investors ... Read More »

Orami to raise over US$5 million Series B extension funding

Southeast Asian e-commerce platform Orami today announced that the company is in talks to raise another US$5 to US$7 million as an extension of the firm’s Series B in early 2016. Previously, the startup has managed to secure US$15 million led by Indonesia’s Sinar Mas Digital Ventures (SMDV), with participation ... Read More »

The Need for Fiber-Optic Broadband in Advancing IoT

Internet of Things (IoT) can be defined as a future in which everyday objects will be connected to the Internet and will be able to communicate with each other. Jacob Morgan describes The Internet of Things on Forbes as “the concept of basically connecting any device with an on and ... Read More »

For Developers: Managing IoT Data

Accessibility and portability of the Internet have not just changed the way humans communicate, with the availability of inexpensive network cards and high coverage networks, machines are gradually catching up to human usage of the internet. This paradigm shift, from human to machine domination of Internet traffic, is termed the ... Read More »

Myanmar’s Phandeeyar Accelerator startup graduates Chate Sat, White Merak secures six-digit funding

Myanmar’s Phandeeyar Accelerator startups Chate Sat, a freelancing platform and White Merak, an animated comic application have secured a six-digit funding each from local and foreign investors on Thursday. Chate Sat which means connect in Burmese, has raised the investment from Vulpes Investment Management Pte Ltd back in May, alongside ... Read More »